Health Reimbursement Arrangement
What Is It? - This is a pre-taxed benefit employers offer to their employees to try and control health insurance cost. The employer buys a higher deductible from the insurance company saving insurance premium dollars. However, the employer offers a lower deductible to the emplyees than what is offered by the insurance company. The employer is paying the difference. This is a simple form of self funding a health insurance plan.
Instructions:
How Do I Get Reimbursed For Medical Expenses?
- You will only need to request a reimbursement after your share of the deductible has been met.
- To get paid for incurred medical expenses, fill out a reimbursement form and send in with a copy of the explanation of benefits (EOB) from the insurance company. You can download the form below.
- Prescription drugs require payment at pickup; send reimbursement form and receipt from pharmacy to get reimbursed.
- Fax, e-mail or mail a copy of the EOB and reimbursement form to:
Midwest Insurance Brokerage 4 Systems Drive Appleton, WI 54914 Fax 920-731-1421
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- Reimbursements are processed every Thursday and checks mailed on Monday. Best to get request in by Wednesday.
- The reimbursement should not be deposited into your health savings account if you have one, this is already tax free money to you.
- You should be reimbursed for medical expenses before you need to pay the providers bill.
- If you have any questions about getting reimbursed, call Lynn Weatherwax at 920-731-2100.
Forms
If you would like more information, please contact us!
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